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what is GDP? how is it calculated
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Answer / govind
GDP-Gross Domistic product.
There methods are there for calculation GDP.
India is following Exp base calculation.
Formula is as follows:
Y = C + I + G + (X-M)
Y – Income (or GDP)
C- Consumption (or Private Final Consumption Expenditure).
I- Investment (or Gross Final Consumption Exp)
X- Exports
M- Imports
| Is This Answer Correct ? | 27 Yes | 2 No |
Answer / gowrimaheshwari
y = G + I + G + (X-M)
Y= income
C= Cumpction
I= Investment
X= Exports
M= Imports
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / jagadeesh
y=c+i+g+(x-m)
where
c=consumption
I=investment
G=govt spending
x=exports
m=imports
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / fhihk
y=c+i+g+(x-m)
here
c=consumption
I=investment
G=govt spending
x=exports
m=imports
| Is This Answer Correct ? | 3 Yes | 1 No |
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